HS Code 29153920 represents a specific classification for odoriferous or flavoring compounds of aromatic esters of acetic acid, excluding benzyl acetate. This code helps in identifying and categorizing these particular products for international trade purposes. In this article, we will explore the details of this HS code, including its product description, duty rates, quantity unit, and special tariff preference programs.
The product description covered under HS Code 29153920 refers to odoriferous or flavoring compounds derived from aromatic esters of acetic acid. These compounds are used to add fragrances or flavors to various consumer products, such as perfumes, cosmetics, food, and beverages. It is important to note that benzyl acetate is not included in this HS code.
The bound / MFN (Most Favored Nation) duty rate applicable to products falling under HS Code 29153920 is 5.5%. This means that whenever a country reduces trade barriers or opens up its market, it must apply the same duty rate of 5.5% to similar goods or services from all its trading partners. The duty rate is imposed to regulate international trade and ensure fair competition.
The quantity unit for measuring and trading products under HS Code 29153920 is kilograms (KG). The KG unit is widely used and recognized internationally, providing a standardized measure for the quantity of these odoriferous or flavoring compounds being imported or exported.
There are several special tariff preference programs associated with HS Code 29153920, offering specific benefits and duty-free treatment for certain countries. These programs include:
HS Code 29153920 applies to trade between various importing and exporting US states. The specific states involved in the import and export of products falling under this HS code may vary depending on the demand and supply dynamics in the market. It is essential for businesses and traders to comply with the regulations and requirements of the respective states when engaging in international trade activities related to these odoriferous or flavoring compounds.
HS Code 29153920 provides a standardized classification for odoriferous or flavoring compounds of aromatic esters of acetic acid, excluding benzyl acetate. Understanding this HS code helps in facilitating international trade, determining duty rates, and accessing special tariff preference programs. It is crucial for businesses and traders to be aware of the specific regulations and requirements associated with this HS code to ensure smooth and compliant trade operations.